The Fed, A Wealth Redistribution System

During fiscal year 2012, $359,796,008,919.49 that had been forcibly extracted from American taxpayers was transferred into other hands. Most of it ended up in the pockets of the global elite. So what did the American people get in return for that 359 billion dollars? Nothing at all. No roads were built, no schools were constructed, no teachers were paid and none of it went to national defense. It was simply interest that was owed on the national debt, and most of it just made the ultra-wealthy even wealthier. But this is exactly what the Federal Reserve system was designed to do when it was created back in 1913.

It was designed to get the U.S. government trapped in an endless spiral of debt that would systematically drain the wealth of the American people and transfer it to the ultra-wealthy and the international bankers. When most people think of a “wealth redistribution scheme”, they think of a government raising taxes in order to give money to poor people. But the Federal Reserve system works in reverse. Money is taken from all of us and it is redistributed to the global elite. That is why a federal income tax was instituted the exact same year that the Federal Reserve was. Money is extracted from all of us through taxation, and then it is transferred from the federal government to the ultra-wealthy through debt payments.

James R. Granger, Jr.

earned degrees in economics and finance, has a lifelong interest in history and science, and has authored books on Megahistory, the origins and migrations of the races of humanity. This site was established to provide a vehicle for the dissemination of information important to progressive people.